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FintechProptech

Reonomy raises $60 million in Series D funding

The New York-based proptech provides commercial real estate intel

Reonomy, a commercial real estate data startup, on Thursday closed a Series D funding round at $60 million.

The new investment brings the total funding for the company to more than $128 million, New York-based Reonomy said in a statement.

The financing was led by Georgian Partners, with participation from Wells Fargo Strategic Capital and Citi Ventures. Existing investors, including Sapphire Ventures, also continued their participation in this round, Reonomy said.

“This funding will help expand the platform’s machine learning capabilities and platform-driven applications in its efforts to continue developing the most robust and comprehensive CRE data solutions available in the market,” the company statement said. “It will also fuel Reonomy’s international expansion following strong demand from its existing customers to scale products to Canada, the U.K., and other markets.”

Reonomy provides market data to investors, building owners and business owners to connect fragmented data points in the commercial real estate market.

In July, Reonomy announced an agreement to have Black Knight provide data through the platform, adding to partnerships with CoreLogic and Dun & Bradstreet. Reonomy also draws on a vast amount of public data, much as Zillow does for the residential market.

“We’re building a platform that connects the world of property information and empowers a new era of applications to unlock insights and opportunities for everyone,” said Rich Sarkis, Reonomy CEO. “This investment will further strengthen our ability to drive innovation around property intelligence.”

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